Sanford C. Bernstein Upgrades Fervo Energy (NASDAQ:FRVO) to Strong-Buy

Fervo Energy (NASDAQ:FRVO) was upgraded by Sanford C. Bernstein to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other analysts have also issued reports on FRVO. Wall Street Zen upgraded Fervo Energy to a “hold” rating in a report on Saturday, May 16th. Robert W. Baird started coverage on Fervo Energy in a research report on Monday. They set an “outperform” rating and a $47.00 price target on the stock. Jefferies Financial Group started coverage on Fervo Energy in a research report on Wednesday, May 27th. They set a “hold” rating and a $42.00 price target on the stock. JPMorgan Chase & Co. started coverage on Fervo Energy in a research report on Monday. They set an “overweight” rating and a $47.00 price target on the stock. Finally, Piper Sandler started coverage on Fervo Energy in a research report on Sunday. They set an “overweight” rating and a $51.00 price target on the stock. Six research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fervo Energy presently has an average rating of “Buy” and an average target price of $45.80.

Fervo Energy Stock Performance

FRVO opened at $33.96 on Monday. Fervo Energy has a 52-week low of $33.24 and a 52-week high of $42.65.